penguintraderx

penguintraderx

To begin with, XAUUSD is currently experiencing a downtrend on the daily chart (D1), marked by both the CHoCH and the BoS. If we narrow our focus to the 4-hour chart (H4), we can identify a region of high supply in the premium area. Therefore, it is advisable to verify two additional conditions before entering a trade: ensure that the Relative Strength Index (RSI)...

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CHFJPY is exhibiting a bullish trend on both the daily (D1) and 4-hour (H4) timeframes. It is currently positioned above the 200-period Exponential Moving Average (EMA) and the Volume Weighted Average Price (VWAP), as depicted in the provided chart. After conducting an analysis on the higher timeframes, I proceeded to examine the lower timeframes (H1, M30, and...

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Based on the chart, it is evident that EURAUD is breaking its previous upward trend, which is referred to as the CHoCH (Change of Character) pattern. The currency pair has created some liquidity and subsequently breached it. Currently, it is attempting to retest the supply area at the 0.786 Fibonacci level. Additionally, it is worth noting that the 0.786 Fibonacci...

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- As you can see on the chart, AUDNZD is forming downtrend. - However, it has BoS recently and trying to moving down to the demand zone - I try to wait for it to come at demand zone and took for a buy position

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TVC:DXY It seems like DXY is already broken a "short-term" down trend area. However, by zooming out in the Daily and Weekly timeframe, the overall trend is on the upward trajectory price. Literally, I am a scapler, using a lower timeframe such as H1 and H4. If the price hit 113.660 area and cannot break this zone, I would open a short/sell position on my...

penguintraderx Updated 

It is a time for NZDUSD for reversal after long bearish candle On H1, you guys may spot hidden divergence on RSI indicator. take a long position for those who want to entry Good luck everyone who enter this trade :D

penguintraderx Updated 

On H1, the price still be under 200 MA, which is good opportunity for short position. Also, it found the resistance level that come from previous support. Wait for the confirmation from MACD (overbought) and price action (reversal patterns). However, the three green candles may break this level. If it breaks, you may follow long position. Using proper money...

penguintraderx Updated 

Overall, Gold still be in the up trend but it found resistance zone and form a double top candle stick pattern. I use MACD to track OB/OS signal and also use reversal candle stick pattern to confirm short position. However, the overall trend still be in the up trend. Using proper risk and money management is a must. Indeed, you may use M30 and H1 for better...

penguintraderx

From my point of view, wait until the price retrace back near point C for better short position. Then, wait for MACD's signal for overbought. I use 1 : 1.5 RR Use several TF (H4 and M30) for better analysis and always use money management. Not all of 100% analyse will be correct. Good luck to all traders :D